G2TT
来源类型Discussion paper
规范类型论文
来源IDDP2110
DP2110 On Intrabrand and Interbrand Competition: The Strategic Role of Fees and Royalties
Nikolaos Vettas; Kamal Saggi
发表日期1999-03-29
出版年1999
语种英语
摘要In this paper we analyse the effects of different decision rules in the ECB on monetary stability. We consider a model where asymmetric shocks and divergent propagation of shocks on output and inflation are potential causes of tensions within the ECB concerning the conduct of monetary (interest rate) policy. Given divergence of desired interest rates (due to the asymmetries) we analyse the effect of different voting procedures within the Governing Council of the ECB. Welfare implications are discussed.
主题International Macroeconomics
关键词Emu Linear feedback rules Monetary stability
URLhttps://cepr.org/publications/dp2110
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/531224
推荐引用方式
GB/T 7714
Nikolaos Vettas,Kamal Saggi. DP2110 On Intrabrand and Interbrand Competition: The Strategic Role of Fees and Royalties. 1999.
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